Current money definition

Current money means the currency of the country; whatever is intended to and does actually circulate as currency, every species of coin or currency. The term “current” describes money which passes from hand to hand, from person to person, and circulates through the community and is generally received. Money is current which is received as money in the common business transaction and is the
View Source
Current money means any coin or currency note that is lawfully current in Nauru or in any other country;
View Source

Examples of Current money in a sentence

  • Current money of the United States and proceeds from the sale of forfeited property will be divided between the Law Enforcement Agency and the Attorney representing the State in the following manner: 70% of the money and proceeds to the Law Enforcement Agency; and 30% of the money and proceeds to the Attorney representing the State, after deducting court costs and other necessary expenses (to include service of process costs).

  • Current money of the United States and proceeds from the sale of forfeited property will be divided between the Law Enforcement Agency and the Attorney representing the State in the following manner: 65% of the money and proceeds to the Law Enforcement Agency; and 35% of the money and proceeds to the Attorney representing the State, after deducting court costs and other necessary expenses (to include service of process costs).